Sales growth 'slowed slightly'

“We continue to face significant cost increases in the second half in areas that include labour, business rates and the sugar tax. There is also some uncertainty as to the effect on sales of the FIFA World Cup.

“We continue to anticipate a trading outcome for this financial year in line with our previous expectations.”

EU 'protection racket'

He added: “A debate is currently taking place as to whether the UK should remain in the EU’s customs union post-Brexit. I feel sure that the UK should leave. This will enable parliament to eliminate taxes on non-EU food and drink imports, reducing prices in the shops, which will immediately improve living standards.

“It makes no sense for the UK to continue to impose taxes on New World wines, coffee, rice and thousands of other products, and then to send the proceeds to Brussels. The EU masquerades as a free-trade organisation, but it is really a protection racket that imposes import taxes on the 93% of the world’s population that is not in the EU.

“The UK should copy countries like New Zealand, Australia and Singapore, which have successfully adopted free-trade policies, rather than being beholden to the undemocratic EU and its unelected presidents.”